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Polarcus vision is to be a pioneer in an industry where the frontiers of seismic exploration are responsibly expanded without harm to our world.

Grant of employee share options

by polarcus
on 30-Apr-15 12:14

The Board of Directors of Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) has authorized the award of 5,950,000 share options to 29 key employees of the Company.

A number of employees awarded share options are also Primary Insiders of the Company. The share options to Primary Insiders were granted according to the Company's 2014 share option scheme of which the main terms were approved in the Annual General Meeting of the Company on 13 May 2014.The awarded share options have an exercise price of NOK 0.37 and an exercise period of 30 April 2017 to 29 April 2022.

Share options awarded to the Primary Insiders were as follows:

Duncan Alexander Eley

500,000

Carl-Peter Zickerman

350,000

Tom Henrik Sundby

350,000

Eirin Martha Inderberg

350,000

Hans-Peter Sigvard Burlid

350,000

Paul Lionel Hanna

300,000

Christian Fenwick

300,000

Ben Bjoerkholt-Boiling

150,000

Muhammed Riyaz Karattuchali

100,000

After grant, the Primary Insiders who are also employees of Polarcus hold the following number of unexercised share options and shares in the Company: